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Summary: VP Bank Verwaltungs- und Privat-Bank AG Aug 06 Product Image

Summary: VP Bank Verwaltungs- und Privat-Bank AG Aug 06

  • ID: 1858519
  • August 2006
  • Standard & Poors

Abstract
The counterparty credit ratings on VP Bank Verwaltungs- und Privat-Bank AG (VP), based in the Principality of Liechtenstein (Liechtenstein), reflect the bank's solid financial and risk profile, which is characterized by strong asset quality and sound capital strength. Profitability is good, based on a strict cost regime, which should allow VP to deal with the sizable investments needed to improve its still modest market position in the highly competitive international private-banking environment. VP's ability to make headway by turning around the slow development of net new money inflows in recent years will also depend on capital-market conditions and the competitive position of Liechtenstein among international financial centers, however. While credit and market risks are prudently limited, VP has to deal...

Companies mentioned in this report are: VP Bank Verwaltungs- und Privat-Bank AG
Action: Review

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine READ MORE >

VP Bank Verwaltungs- und Privat-Bank AG

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